Analyzing Pre- and Post-Pandemic Housing Market Trends in India: A Quasi-Experimental Approach Using ITS and Panel Data Analysis

Author

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Volume

Issue Number

Year

Publication

Muskan Dugar, Trupti Dandekar Humnekar, V Moovendhan

393 / 411

27

3

2024

International Real Estate Review

 

Abstract

The research delves into the influence of pre- and post-pandemic real estate housing price indices of cities in India. Using an interrupted time series analysis and panel data regression, this study evaluates the repercussions of the COVID-19 pandemic on residential housing in ten Indian cities over a span of thirteen years from 2010 to 2023. The results present a medley of outcomes on city-level trends, a prevailing postpandemic downturn observable across cities, and a subsequent positive shift as compared to pre-pandemic standards. The study brings to light the diverse impact and shock insulation exhibited by smaller cities, thus unveiling the variations among different cities.

 

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Keywords

COVID-19, ITS analysis, Real estate market trend, Pre- and post-COVID